$JSESBK - Standard Bank: Creepy Crawling Up The Trendline
Watch this video for some Quantitative and fundamental analysis on SA Banks youtu.be/146cczL6eB8
SBK has found the going tough since bottoming in May 2020.
It has been the laggard in the local banking stocks but perhaps offers more upside opportunity.
The share price has been trending up a moderate slope trendline and as long as it does not break and close below the trendline on high volume, the share can continue its gentle climb.
What gives more confidence is while the share has made higher lows, the MACD has made lower lows and this condition is known as hidden bullish divergence.
SBK has found the going tough since bottoming in May 2020.
It has been the laggard in the local banking stocks but perhaps offers more upside opportunity.
The share price has been trending up a moderate slope trendline and as long as it does not break and close below the trendline on high volume, the share can continue its gentle climb.
What gives more confidence is while the share has made higher lows, the MACD has made lower lows and this condition is known as hidden bullish divergence.
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